<PAGE>

================================================================================

                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                   FORM 10-K
                                   ---------
[  X ]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
        ACT OF 1934
                  For the Fiscal Year Ended December 31, 2000

[    ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
        EXCHANGE ACT OF 1934

                        Commission file number 33-99334

                         ----------------------------

                      FIRST USA BANK, NATIONAL ASSOCIATION
            (Exact name of registrant as specified in its charter)
(As Servicer on behalf of CC Master Credit Card Trust II (formerly Chevy Chase
                         Master Credit Card Trust II))

            Laws of the United States                   51-0269396
            (State or other jurisdiction of         (I.R.S. Employer
            incorporation or organization)         Identification No.)

             201 North Walnut Street                      19801
               Wilmington, Delaware                     (Zip Code)
       (Address of principal executive offices)

      Registrant's telephone number, including area code:  (302) 594-4000

Securities registered pursuant to Section 12(b) of the Act:  NONE

Securities registered pursuant to Section 12(g) of the Act:
$ 368,000,000 Class A Floating Rate Asset Backed Certificates, Series 1995-A
$  32,000,000 Class B Floating Rate Asset Backed Certificates, Series 1995-A

$ 368,000,000 Class A Floating Rate Asset Backed Certificates, Series 1995-C
$  32,000,000 Class B Floating Rate Asset Backed Certificates, Series 1995-C

$ 369,000,000 Class A Floating Rate Asset Backed Certificates, Series 1996-A
$  38,250,000 Class B Floating Rate Asset Backed Certificates, Series 1996-A

$ 245,000,000 Class A Floating Rate Asset Backed Certificates, Series 1996-C
$  25,500,000 Class B Floating Rate Asset Backed Certificates, Series 1996-C

$ 468,000,000 Class A Floating Rate Asset Backed Certificates, Series 1998-A
$  72,000,000 Class B Floating Rate Asset Backed Certificates, Series 1998-A

Indicate by check mark whether the Registrant:  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or such shorter period that the Registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
YES  [X]     NO

Indicate by check mark if disclosure of delinquent filers pursuant to item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of Registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K.

Not Applicable.

State the aggregate market value of the voting stock held by non-affiliates of
the Registrant.  The aggregate market value shall be computed by reference to
the price at which the stock was sold, or the average bid and asked prices of
such stock, as of a specified date within 60 days prior to the date of filing.

Not Applicable.

Indicate the number shares outstanding of each of the Registrant's class of
common stock, as of the latest practicable date.

Not Applicable.


                   DOCUMENTS INCORPORATED BY REFERENCE:  NONE

================================================================================
<PAGE>

                               Introductory Note
                               -----------------

First USA Bank, National Association (the "Bank"), a direct wholly owned
subsidiary of BANK ONE CORPORATION ("BANK ONE"), is the Transferor, with respect
to the CC Master Credit Card Trust II (formerly Chevy Chase Master Credit Card
Trust II) (the "Trust") under the Pooling and Servicing Agreement dated as of
June 1, 1995, among the Bank, as Transferor and Servicer, and Bankers Trust
Company, as Trustee (the "Trustee"), as supplemented and amended (the "Pooling
and Servicing Agreement").

The Certificates listed on page 1 hereof will be referred to collectively herein
as the "Certificates".  The Certificates do not represent obligations of or
interests in the Bank.

The Bank will respond only to certain items of Form 10-K.  In doing so, the Bank
will be relying on a letter dated July 31, 1989 from the Securities and Exchange
Commission, Division of Corporation Finance, Office of Chief Counsel to Chevy
Chase Bank, F.S.B., the then Servicer of the Trust, granting the Servicer of the
Trust relief from the requirement to respond to various items of Form 10-K.  The
items to which the Bank is not required to respond are designated herein as "Not
Applicable".

                                    PART I

ITEM 1.   BUSINESS

Not Applicable

ITEM 2.   PROPERTIES

Not Applicable

ITEM 3.   LEGAL PROCEEDINGS

There are no material pending legal proceedings with respect to the Trust,
involving the Trust, the Trustee or the Registrant.  The Bank is a defendant in
various lawsuits, including lawsuits seeking class action certification in both
state and federal courts.  These lawsuits challenge certain policies and
practices of the Bank's credit card business.  A few of these lawsuits have been
conditionally certified as class actions to permit settlement of the claims.
The Bank has defended itself against claims in the past and intends to continue
to do so in the future.  While it is impossible to predict the outcome of any of
these lawsuits, the Bank believes that any liability which might result from
these lawsuits will not have a material adverse effect on the Trust.

ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None

                                       2
<PAGE>

                                    PART II

ITEM 5.   MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED
          STOCKHOLDER MATTERS

Each of the Certificates, representing investors' interests in the Trust, are
represented by a single certificate registered in the name of Cede & Co., the
nominee for The Depository Trust Company ("DTC").

To the best knowledge of the Registrant, there is no established public trading
market for the Certificates.

ITEM 6.   SELECTED FINANCIAL DATA

Not Applicable

ITEM 7.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
          RESULTS OF OPERATIONS

Not applicable

ITEM 7A.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not Applicable

ITEM 8.   FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Not Applicable

ITEM 9.   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
          FINANCIAL DISCLOSURE

None

                                   PART III

ITEM 10.  DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

Not Applicable

ITEM 11.  EXECUTIVE COMPENSATION

Not Applicable

ITEM 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

Each of the Certificates, representing investor's interests in the Trust, are
represented by a single certificate registered in the name of Cede & Co., the
nominee of DTC, and an investor holding an interest in the Trust is not entitled
to receive a Certificate representing such interest except in certain limited
circumstances.  Accordingly, Cede & Co. is the sole holder of record of the
Certificates, which it held on behalf of approximately 87 brokers, dealers,
banks and other direct participants in the DTC system at

                                       3
<PAGE>

December 31, 2000. Such direct participants may hold Certificates for their own
accounts or for the accounts of their customers. The following table sets forth,
with respect to each of the Certificates, the identity of each direct DTC
participant that holds a position in such Certificate in excess of 5% of the
outstanding principal amount thereof at December 31, 2000.

<TABLE>
<CAPTION>
                                                                         (3) Amount and
                         (2) Name and Address of                       Nature of Beneficial         (4) Percent
  (1) Title Of Class        Beneficial Owners                           Ownership $(000's)             of Class
  ------------------        -----------------                           -----------------              --------
<S>                     <C>                                            <C>                            <C>
Class A Floating Rate   Bank of New York (The)                                  $27,840                7.56%
Asset Backed            925 Patterson Plank Road
Certificates, Series    Secaucus, NJ  07094
1995-A
                        Bank One Trust Company, N.A.                            $50,000               13.59%
                        1900 Polaris Parkway, 4th Floor
                        Columbus, OH  43240

                        Chase Manhattan Bank                                    $80,000               21.74%
                        4 New York Plaza, 13th Floor
                        New York, NY 10004

                        Fuji Bank and Trust Company (The)                      $120,000               32.61%
                        2 World Trade Center, 81st Floor
                        New York, NY  10048

                        State Street Bank and Trust Company                     $41,000               11.14%
                        1776 Heritage Dr.
                        Global Corp. Action Unit JAB 5NW
                        No. Quincy, MA  02171

Class B Floating Rate   Bank One Trust Company, N.A.                            $32,000              100.00%
Asset Backed            1900 Polaris Parkway, 4th Floor
Certificates, Series    Columbus, OH  43240
1995-A

Class A Floating Rate   Bank of New York (The)                                 $120,210               32.67%
Asset Backed            925 Patterson Plank Road
Certificates, Series    Secaucus, NJ  07094
1995-C
                        Bankers Trust Company                                   $20,400                5.54%
                        648 Grassmere Park Road
                        Nashville, TN  37211

</TABLE>


                                       4
<PAGE>

<TABLE>
<CAPTION>
                                                                         (3) Amount and
                         (2) Name and Address of                       Nature of Beneficial         (4) Percent
  (1) Title Of Class        Beneficial Owners                           Ownership $(000's)             of Class
  ------------------        -----------------                           -----------------              --------
<S>                     <C>                                            <C>                            <C>
                        Chase Manhattan Bank                                  $117,250               31.86%
                        4 New York Plaza, 13th Floor
                        New York, NY  10004

                        State Street Bank and Trust Company                    $31,065                8.44%
                        1776 Heritage Dr.
                        Global Corp. Action Unit JAB 5NW
                        No. Quincy, MA  02171

                        U.S. Bank National Association                         $24,950                6.78%
                        MPFP 1603 Proxy Unit
                        601 Second Avenue South
                        Minneapolis, MN  55402

                        Wells Fargo Bank Minnesota, N.A.                       $25,125                6.83%
                        733 Marquette Avenue, N9306-051
                        Minneapolis, MN  55479-0056

Class B Floating Rate   Bank One Trust Company, N.A.                           $18,000               56.25%
Asset Backed            1900 Polaris Parkway, 4th Floor
Certificates, Series    Columbus, OH  43240
1995-C
                        Chase Manhattan Bank                                   $14,000               43.75%
                        4 New York Plaza, 13th Floor
                        New York, NY  10004

Class A Floating Rate   Brown Brothers Harriman & Co.                          $32,000                8.67%
Asset Backed            63 Wall Street, 8th Floor
Certificates, Series    New York, NY  10005
1996-A
                        Chase Manhattan Bank                                  $157,000               42.55%
                        4 New York Plaza, 13th Floor
                        New York, NY  10004

                        Citibank, N.A.                                         $23,500                6.37%
                        3800 Citicorp Center Tampa
                        Tampa, FL  33610-9122

                        State Street Bank and Trust Co.                        $27,000                7.32%
                        1776 Heritage Dr.
                        Global Corporate Action Unit JAB 5NW
                        No. Quincy, MA  02171

</TABLE>

                                       5
<PAGE>

<TABLE>
<CAPTION>
                                                                         (3) Amount and
                         (2) Name and Address of                       Nature of Beneficial         (4) Percent
  (1) Title Of Class        Beneficial Owners                           Ownership $(000's)             of Class
  ------------------        -----------------                           -----------------              --------
<S>                     <C>                                            <C>                            <C>

                        Wells Fargo Bank Minnesota, N.A.                       $63,000               17.07%
                        733 Marquette Avenue, N9306-051
                        Minneapolis, MN  55479-0056

Class B Floating Rate   Boston Safe Deposit and Trust Company                  $14,250               37.26%
Asset Backed            c/o Mellon Bank, N.A.
Certificates, Series    Three Mellon Bank Center
1996-A                  Room 153-3015
                        Pittsburgh, PA  15259

                        Chase Manhattan Bank                                    $5,000               13.07%
                        4 New York Plaza, 13th Floor
                        New York, NY  10004

                        SSB-Bank Portfolio                                     $19,000               49.67%
                        1776 Heritage Dr.
                        No. Quincy, MA  02171

Class A Floating Rate   Bank of New York (The)                                 $38,500               15.65%
Asset Backed            925 Patterson Plank Road
Certificates, Series    Secaucus, NJ  07094
1996-C

                        Chase Manhattan Bank                                   $52,400               21.30%
                        4 New York Plaza, 13th Floor
                        New York, NY  10004

                        Citibank, N.A.                                         $35,000               14.23%
                        3800 Citicorp Center Tampa
                        Tampa, FL  33610-9122

                        Fuji Bank and Trust Company (The)                      $50,000               20.33%
                        2 World Trade Center, 81st Floor
                        New York, NY  10048

                        JP Morgan Securities, Inc.                             $20,000                8.13%
                        Asset Backed
                        500 Stanton, Christina Road
                        Newark, DE  19713

                        State Street Bank and Trust Company                    $19,500                7.93%
                        1776 Heritage Dr.
                        Global Corp. Action Unit JAB 5NW
                        No. Quincy, MA  02171

</TABLE>

                                       6
<PAGE>

<TABLE>
<CAPTION>
                                                                         (3) Amount and
                         (2) Name and Address of                       Nature of Beneficial         (4) Percent
  (1) Title Of Class        Beneficial Owners                           Ownership $(000's)             of Class
  ------------------        -----------------                           -----------------              --------
<S>                     <C>                                            <C>                            <C>
                        Swiss American Securities, Inc.                        $28,000               11.38%
                        100 Wall Street
                        New York, NY  10005

Class B Floating Rate   Bank of New York (The)                                  $5,000               19.61%
Asset Backed            925 Patterson Plank Road
Certificates, Series    Secaucus, NJ  07094
1996-C

                        Chase Manhattan Bank                                   $10,500               41.18%
                        4 New York Plaza, 13th Floor
                        New York, NY  10004

                        Chase Securities, Inc.                                  $8,000               31.37%
                        4 New York Plaza
                        New York, NY  10041

                        FUNB-Phila. Main                                        $2,000                7.84%
                        123 South Broad Street
                        Philadelphia, PA  19109

Class A Floating Rate   Bank of New York (The)                                 $56,000               11.97%
Asset Backed            925 Patterson Plank Road
Certificates, Series    Secaucus, NJ  07094
1998-A

                        Bankers Trust Company                                 $123,000               26.28%
                        648 Grassmere Park Road
                        Nashville, TN 37211

                        Chase Manhattan Bank                                   $68,500               14.64%
                        4 New York Plaza, 13th Floor
                        New York, NY  10004

                        Citibank, N.A.                                         $58,000               12.39%
                        3800 Citicorp Center Tampa
                        Tampa, FL  33610-9122

                        Deutsche Bank Securities, Inc.                         $31,500                6.73%
                        175 Water Street
                        New York, NY  10038

                        State Street Bank and Trust Company                    $71,000               15.17%
                        1776 Heritage Dr.
                        Global Corp. Action Unit JAB 5NW
                        No. Quincy, MA  02171


</TABLE>

                                       7
<PAGE>

<TABLE>
<CAPTION>
                                                                         (3) Amount and
                         (2) Name and Address of                       Nature of Beneficial         (4) Percent
  (1) Title Of Class        Beneficial Owners                           Ownership $(000's)             of Class
  ------------------        -----------------                           -----------------              --------
<S>                     <C>                                            <C>                            <C>
Class B Floating Rate   Bankers Trust Company                                  $12,500               17.36%
Asset Backed            648 Grassmere Park Road
Certificates, Series    Nashville, TN 37211
1998-A

                        Bank of New York (The)                                  $9,000               12.50%
                        925 Patterson Plank Road
                        Secaucus, NJ  07094

                        Chase Manhattan Bank                                   $22,000               30.56%
                        4 New York Plaza, 13th Floor
                        New York, NY  10004

                        Chase Manhattan Bank                                   $17,355               24.10%
                        Broker & Dealer Clearance Dept.
                        4 New York Plaza, 21st Floor
                        New York, NY  10015

                        Wells Fargo Bank Minnesota, N.A.                       $11,145               15.48%
                        733 Marquette Avenue, N9306-051
                        Minneapolis, MN 55479-0056
</TABLE>

ITEM 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

None
                                    PART IV

ITEM 14.  EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON
          FORM 8-K

(a)       The following documents are filed as part of this Report:

          (i)  Summary of annual distributions on the Certificates to
               Certificateholders for the year ended December 31, 2000.

          (ii) Annual Accountant's Report dated November 17, 2000 and
               Management's Assertion.

               No proxy soliciting material has been distributed by the Trust.

                                       8
<PAGE>

                                   SIGNATURE

     Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

                              FIRST USA BANK, NATIONAL ASSOCIATION,
                              as Servicer of CC Master Credit Card Trust II
                              (formerly Chevy Chase Master Credit Card Trust II)



                              By:  /s/Tracie H. Klein
                                   --------------------------------------
                                  Name:  Tracie H. Klein
                                  Title:  First Vice President



Date:  March 23, 2001
       --------------

                                       9
<PAGE>

CC Master Credit Card Card Trust II
Series 1995-A
2000 Distributions

Pursuant to Section 5.2 (c) of the CC Master Credit
Card Trust II Series 1995-A Supplement to the Agreement,
First USA Bank, NA., must provide the following
information on an aggregate basis for the year ended
December 31, 2000:


A.  1.   The total amount of the distribution to Class A
         Certificateholders during 2000 per $1,000
         original certificate principal amount.                     $ 67.46

    2.   The amount of the distribution set forth
         in paragraph 1 above in respect of interest on
         the Class A Certificates, per $1,000 original
         certificate principal amount.                              $ 67.46

    3.   The amount of the distribution set forth
         in paragraph 1 above in respect of principal on
         the Class A Certificates, per $1,000 original
         certificate principal amount.                              $  0.00


B.  1.   The total amount of the distribution to Class B
         Certificateholders during 2000 per $1,000
         original certificate principal amount.                     $ 68.58

    2.   The amount of the distribution set forth
         in paragraph 1 above in respect of interest on
         the Class B Certificates, per $1,000 original
         certificate principal amount.                              $ 68.58

    3.   The amount of the distribution set forth
         in paragraph 1 above in respect of principal on
         the Class B Certificates, per $1,000 original
         certificate principal amount.                              $  0.00
<PAGE>

CC Master Credit Card Card Trust II
Series 1995-C
2000 Distributions

Pursuant to Section 5.2 (c) of the CC Master Credit
Card Trust II Series 1995-C Supplement to the Agreement,
First USA Bank, NA., must provide the following
information on an aggregate basis for the year ended
December 31, 2000:


A.  1.   The total amount of the distribution to Class A
         Certificateholders during 2000 per $1,000
         original certificate principal amount.                     $ 67.57

    2.   The amount of the distribution set forth
         in paragraph 1 above in respect of interest on
         the Class A Certificates, per $1,000 original
         certificate principal amount.                              $ 67.57

    3.   The amount of the distribution set forth
         in paragraph 1 above in respect of principal on
         the Class A Certificates, per $1,000 original
         certificate principal amount.                              $  0.00


B.  1.   The total amount of the distribution to Class B
         Certificateholders during 2000 per $1,000
         original certificate principal amount.                     $ 68.84

    2.   The amount of the distribution set forth
         in paragraph 1 above in respect of interest on
         the Class B Certificates, per $1,000 original
         certificate principal amount.                              $ 68.84

    3.   The amount of the distribution set forth
         in paragraph 1 above in respect of principal on
         the Class B Certificates, per $1,000 original
         certificate principal amount.                              $  0.00
<PAGE>

CC Master Credit Card Card Trust II
Series 1996-A
2000 Distributions

Pursuant to Section 5.2 (c) of the CC Master Credit
Card Trust II Series 1996-A Supplement to the Agreement,
First USA Bank, NA., must provide the following
information on an aggregate basis for the year ended
December 31, 2000:


A.  1.   The total amount of the distribution to Class A
         Certificateholders during 2000 per $1,000
         original certificate principal amount.                     $ 66.45

    2.   The amount of the distribution set forth
         in paragraph 1 above in respect of interest on
         the Class A Certificates, per $1,000 original
         certificate principal amount.                              $ 66.45

    3.   The amount of the distribution set forth
         in paragraph 1 above in respect of principal on
         the Class A Certificates, per $1,000 original
         certificate principal amount.                              $  0.00


B.  1.   The total amount of the distribution to Class B
         Certificateholders during 2000 per $1,000
         original certificate principal amount.                     $ 68.73

    2.   The amount of the distribution set forth
         in paragraph 1 above in respect of interest on
         the Class B Certificates, per $1,000 original
         certificate principal amount.                              $ 68.73

    3.   The amount of the distribution set forth
         in paragraph 1 above in respect of principal on
         the Class B Certificates, per $1,000 original
         certificate principal amount.                              $  0.00
<PAGE>

CC Master Credit Card Card Trust II
Series 1996-C
2000 Distributions

Pursuant to Section 5.2 (c) of the CC Master Credit
Card Trust II Series 1996-C Supplement to the Agreement,
First USA Bank, NA., must provide the following
information on an aggregate basis for the year ended
December 31, 2000:


A.  1.   The total amount of the distribution to Class A
         Certificateholders during 2000 per $1,000
         original certificate principal amount.                     $ 66.35

    2.   The amount of the distribution set forth
         in paragraph 1 above in respect of interest on
         the Class A Certificates, per $1,000 original
         certificate principal amount.                              $ 66.35

    3.   The amount of the distribution set forth
         in paragraph 1 above in respect of principal on
         the Class A Certificates, per $1,000 original
         certificate principal amount.                              $  0.00


B.  1.   The total amount of the distribution to Class B
         Certificateholders during 2000 per $1,000
         original certificate principal amount.                     $ 68.73

    2.   The amount of the distribution set forth
         in paragraph 1 above in respect of interest on
         the Class B Certificates, per $1,000 original
         certificate principal amount.                              $ 68.73

    3.   The amount of the distribution set forth
         in paragraph 1 above in respect of principal on
         the Class B Certificates, per $1,000 original
         certificate principal amount.                              $  0.00
<PAGE>

CC Master Credit Card Card Trust II
Series 1998-A
2000 Distributions

Pursuant to Section 5.2 (c) of the CC Master Credit
Card Trust II Series 1998-A Supplement to the Agreement,
First USA Bank, NA., must provide the following
information on an aggregate basis for the year ended
December 31, 2000:


A.  1.   The total amount of the distribution to Class A
         Certificateholders during 2000 per $1,000
         original certificate principal amount.                     $ 66.45

    2.   The amount of the distribution set forth
         in paragraph 1 above in respect of interest on
         the Class A Certificates, per $1,000 original
         certificate principal amount.                              $ 66.45

    3.   The amount of the distribution set forth
         in paragraph 1 above in respect of principal on
         the Class A Certificates, per $1,000 original
         certificate principal amount.                              $  0.00


B.  1.   The total amount of the distribution to Class B
         Certificateholders during 2000 per $1,000
         original certificate principal amount.                     $ 68.99

    2.   The amount of the distribution set forth
         in paragraph 1 above in respect of interest on
         the Class B Certificates, per $1,000 original
         certificate principal amount.                              $ 68.99

    3.   The amount of the distribution set forth
         in paragraph 1 above in respect of principal on
         the Class B Certificates, per $1,000 original
         certificate principal amount.                              $  0.00
<PAGE>

                                [Letterhead of Arthur Andersen LLP Appears Here]



REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS



We have examined the accompanying management's assertion about First USA Bank,
National Association's (the "Servicer"), compliance with the covenants and
conditions set forth in Article III (Administration and Servicing of
Receivables) and Article IV (Rights of Certificateholders and Allocation and
Application of Collections) and Section 8.08 of the CC Master Credit Card Trust
II  (formerly the Chevy Chase Master Credit Card Trust II) Pooling and Servicing
Agreement, dated as of June 1, 1995 (as amended), between  the Servicer and
Bankers Trust (as Trustee for the various Certificateholders and Enhancement
Providers of the CC Master Credit Card Trust II) and the applicable provisions
of each Supplement, (collectively, the "Agreement"), as of September 30, 2000.
Management is responsible for the Servicer's compliance with the Agreement.  Our
responsibility is to express an opinion on management's assertion about the
Servicer's compliance based on our examination.

Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about the Servicer's compliance with those
requirements and performing such other procedures as we considered necessary in
the circumstances.  We believe that our examination provides a reasonable basis
for our opinion.

In our opinion, management's assertion that the Servicer is in compliance with
the covenants and conditions of the sections of the Agreement referred to above
as of September 30, 2000, is fairly stated, in all material respects.

                                         /s/ Arthur Andersen LLP


Chicago, Illinois
November 17, 2000
<PAGE>

               ASSERTION BY FIRST USA BANK, NATIONAL ASSOCIATION


The management of First USA Bank, National Association (the "Servicer") is
responsible for complying with the covenants and conditions set forth in Article
III (Administration and Servicing of Receivables), Article IV (Rights of
Certificateholders and Allocation and Application of Collections) and Section
8.08 of the CC Master Credit Card Trust II (formerly the Chevy Chase Master
Credit Card Trust II) Pooling and Servicing Agreement, dated as of June 1, 1995
(as amended), between the Servicer and Bankers Trust (as Trustee for the various
Certificateholders and Enhancement Providers of the CC Master Credit Card Trust
II) and the applicable provisions of each Supplement, (collectively, the
"Agreement").

Management has performed an evaluation of the Servicer's compliance with the
Agreement and based on this evaluation management believes that the Servicer has
complied with the covenants and conditions of the sections of the Agreement
referred to above as of September 30, 2000.

In providing this assertion on compliance, we have assumed the accuracy of the
reports prepared by the Servicer's third party credit card processor and did not
extend our assessment to the relevant aspects of the Servicer's compliance that
are the responsibility of the third party credit card processor.  Accordingly,
our assessment does not extend to these aspects of the Servicer's compliance
that are the responsibility of the third party credit card processor, and we do
not express any form of assurance on these compliance aspects.



/s/Jeffrey Rigg                               /s/Tracie H. Klein
-------------------------------------        -----------------------------------
Jeffrey Rigg                                 Tracie H. Klein
Senior Vice President - Accounting           First Vice President


/s/Michael Looney
-------------------------------------
Michael Looney
Executive Vice President - Operations